AutoCanada Offers Senior NotesSo they were in the debt markets as predicted. It would be nice, with these announcements, if they would include the interest rate on the new notes. I have to assume it is less then the 8.75% they were paying on the notes they will be replacing with this issue. Those replacement bonds did not mature until 2025 so the only reason I can think of to replace them is if their interest rate is being reduced by a useful amount. Keep in mind that a 1% reduction of interest on $300 Million of debt is $3 million dollars per year of extra profit, or almost $0.10 increase in EPS. Let's hope the interest savings is even more.
https://ca.finance.yahoo.com/news/autocanada-announces-offering-300-million-141800437.html